a not-so-subtle difference between Republican and Democratic
economic policies which can be illustrated via architecture:
The Democratic economic model is to build from the basement
The Republican economic model is to build from the penthouse
It sounds stupid but that's what "trickle-down" economics
is all about, and it's what's led to the current worldwide
slide in the economy.
Remember the Go-Go 90s, that eight-year period that featured
the fastest economic expansion in U.S. history? That was
fueled in no small part by President Clinton allocating tons
of cash to the Small Business Administration in the form
of loans. In fact, over the eight years he was in office
SBA loaned over $77 billion to small businesses, more than
25 years combined. Cutting taxes for small business also
That policy ended when George Bush hit town.
You can't man the check-out counter at Wal-Mart if everyone
their own business. Now can you?
So what did we find in Mr. Obama's love-note of a Credit
Card Bill? A big, fat valentines to small business in the
of interest-free relief for overburdened credit cards. Small
Businesses can, beginning in June, borrow up to $35,000 to
pay off credit cards at zero interest, and take up to six
I have two friends who run small businesses. One, with relatively
minor debt who said, upon hearing of the bill, "I wanna
go BUY stuff!". Buying stuff is good for the economy.
My other friend runs a successful textile business that's
been around for years, but it was hit hard by this recession/depression
and she was stuck
debt that she had no option but to prepare for bankruptcy.
This bill may save her company, but it's too early to tell.
But it's a start. So thank you, Mr. President.